Eclipse Protocol — Initiates Liftoff
The Intergalactic Automated Yield Farm on #BSC
The Vision
A new frontier of farming exploration
Eclipse Protocol will strive to be one of the top tier liquidity providers on Binance Smart Chain and the home of new, innovative farming mechanics and extensive rewards for our community.
What makes Eclipse Protocol stand out from the overcrowded “farming” narrative?
Our development process is driven by the notion of sustained reward maximization.
What does that mean? We have several metrics to ensure that the high APY’s in our solar nests and galactic farms are sustainable, regardless of the TVL.
Many new yield farms tend to have an exceedingly attractive APY, which becomes diluted as their farming community grows.
However our dynamic burn function built into the Eclipse (ECP) will bring stability and value appreciation to the token.
Whilst our low fee structure and no lock-up periods will provide a platform for our community to gain a real edge.
We will also be staggering the release of the ECP token via multiple sale rounds (PR1, PR2 & Public).
Hence, it will take some time to reach the full 200,000 initial supply value and also curtail the inflationary pressure from farming activity!
let’s get down to the specifics. It’s ECLIPSE liftoff time.
Token: ECLIPSE
Initial Supply: 200,000
Contract Address:
Chain: Binance Smart Chain (BEP-20)
Emission rate:
Reward per block — 1 ECP
Daily emission (Based on 5k blocks per day) — 5,000 ECP per day
Distribution:
- Farmers — 100% of the rewards per block (ECP)
- Farmers daily — 5,000 ECP (based on 5k blocks per day)
Initial Liquidity Pools (LPs) for the Galactic Farm:
We have initially provided 6 farming pools for our community to begin earning rewards. However, we aim to reach a total of 20 active pools in the coming weeks to provide variety and allow for alternate farming strategies.
In the Solar Nests category of the platform you will also be able to stake $CAKE and $ECLIPSE as single tokens to earn both $CAKE and $ECLIPSE rewards. This is great for our community members who are new to farming or would rather avoid the risk of IL (Impairment Loss).
Reward multipliers:
- ECP/BNB (24x Rewards)
- ECP/BUSD (24x Rewards)
- BNB/BUSD (5x Rewards)
- CAKE/BNB (5x Rewards)
- LINK/BNB (5x Rewards)
- DOT/BNB (5x Rewards)
The Solar Nests
Enter the Solar Nests platform and stake your ECP to earn additional ECP as rewards. We realize how tricky it is to avoid impairment loss, or maybe you simply would like to just increase your ECP holdings/Rewards without putting up additional tokens.
Hence, we have initially set up a ECP staking contract! There will be no lock-up period to stake or withdraw your ECP tokens.
We also charge a fractional fee of 1% on harvesting of your rewards. This is considerably less than most yield farming platforms on the network. This fee will also be used to buy-back ECP, causing a compounding deflationary effect.
We plan to continue adding staking options to the Solar Nest platform so stay tuned to our official channels for announcements.
Time lock:
We have decided to implement no time-lock for deposits and withdrawals for all of our pools ! We know how annoying it can be during volatile market moves and we want our community to have a sense of security and manoeuvrability.
Solar Flare Token Burns:
All burns will be carried out dynamically to maintain the value of the Eclipse token at a verifiable burn address.
